Nigeria News App

Join NN App My Account
Stats: 297 members, 1,628 topics. Date:   Thu, 13 2018 at 02:12 am
For more please contact us @ info@nigerianews.app

Nigerian News

FrontPage Forum Must Read Latest Posts Breaking News Entertainment Politics Business Economy Sports Romance General Hausa News
Trending : Buhari 2019 Peace Atiku Lagos Presidential Efcc
Join NN App Earn by reading news Sign in My earnings Invite friends Income record How it works FAQ Testimonial Income support Today offer

Budget: Buhari presides over special FEC session tomorrow

By - - [Politics ]

President Muhammadu Buhari will tomorrow preside over a special session of the Federal Executive Council (FEC) on next year’s budget.

Daily Trust had on Wednesday reported on the delay in the presentation of the budget by President Buhari to the National Assembly.

The 2018 budget, which was presented on November 7, 2017 by the president to the National Assembly, was not passed until after six months.

Presidential spokesperson, Femi Adesina, told State House correspondents at the end of FEC meeting presided over by the Vice President, Yemi Osinbajo that tomorrow’s special session would be dedicated for the 2019 budget.

Adesina said: “On Friday by 10.30am, there will be a special session of the Federal Executive Council. The intention is to look at the budget, get the proposals approved by FEC and then it would be transmitted to the National Assembly. “

Our correspondent reports that the president, who was in Poland for the United Nations Climate Change Conference (COP24), returned to the country yesterday evening.

The special session is expected to be presided over by President Buhari, Daily Trust gathered.

The FEC had on October 24 approved the Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP) for the 2019 -2021 to provide template for the 2019 budget.

The session which was presided over by President Buhari approved a budget estimate of N8.73tr for the 2019 budget, N400bn lower than that of 2018.

The price of crude oil per barrel was pegged at $60, exchange rate at $305 and daily crude oil production was put at 2.3m by the FEC.

The MTEF/FSP was designed to translate strategic development objective of the economic recovery and growth plan into a realistic and implementable budget framework.



https://www.dailytrust.com.ng/budget-buhari-presides-over-special-fec-session-tomorrow.html


Like .

Others are reading


13 Comments Nigeria News
iammicharles• 6 days ago
Hmmmm...Old ode
Reply
Olite1996• 6 days ago
just talks......
Reply
Iyamahsolomon• 6 days ago
Ok
Reply
ANOINTING• 6 days ago
Ok
Reply
Racheal• 6 days ago
Ok
Reply
yetty031009• 6 days ago
Ok
Reply
olakunle031009• 6 days ago
Ok
Reply
Iamajtofunmi• 7 days ago
Ok
Reply
Fatimabello• 7 days ago
Ok
Reply
innkayobami• 7 days ago
Noted
Reply
Keshinismail• 7 days ago
Ok
Reply
Irphilippe• 7 days ago
Okay
Reply
Abiodun• 7 days ago
Nice 1
Reply

(Go Up)

Have a news to share? Contact Email: info@nigerianews.app

NIGERIA NEWS APP (https://www.nigerianews.app) is a website owned by IAR (IJMBway Alevel Registraion) a registered company that pays you for reading news, commenting on every news, sharing our ads on Twitter/ Facebook, inviting friends & family and logging daily. You can make upto ₦200,000 just by inviting people to read Latest Nigerian News & Breaking News in Nigeria. Register today with ₦1,600 to become a member.


© 2018 - Nigerian News App.